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Dec 31, 2012
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meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions because there's this big blob of uncertainty facing us in the near term. overall, what's your sense for how the next year goes? >> our major message to clients is that we expect equities to be up between 5% and 10% next year. the first quarter probably will be a little bit choppy with fiscal policy uncertainty, but having said that, earnings will grow, china market is much better, u.s. residential housing is in good shape. so we expect stocks to be higher 12 months from thousand. >> you think the market trade is cheap cyclicals.thousand. >> you think the market trade is cheap cyclicals. explain the logic. >> it's very clear that the u.s. housing market is in much better shape, so there are industrial stocks stanley works as an example that should be growing through the year almost regardless of whether the fiscal cliff g
meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions because there's this big blob of uncertainty facing us in the near term. overall, what's your sense for how the next year goes? >> our major message to clients is that we expect equities to be up between 5% and 10% next year. the first quarter probably will...
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Dec 27, 2012
12/12
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us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal. there you see the united states senate is coming into session is this morning. we are going to keep an eye out for those remarks from senator reid, and of course, remarks on this fiscal cliff debacle have been moving the markets throughout the past couple of weeks, wait and see what harry reid has to say. guys, not a whole lot here to give those guys consumer confidence. >> the essence of poll takes what what we are seeing now this is no surprise, push comes to shove, at this stage, doesn't the commander in chief, just won his last election, not beholden to so many, has to step forward and offer
us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal....
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Dec 24, 2012
12/12
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is the market getting used to the idea that a fiscal cliff solution will not happen before year end? >> only a few hours remain to finish your christmas shopping. but some words of caution for toymakers. are tablets and apps ruining the season as kids get more accustomed to technology? >> microsoft windows 8 gets more bad press today, as "the new york times" said it is not leading to a boost in pc sales. is there anything that can turn that lagging sector around? futures moving lower, as concerns about the fiscal cliff talks weigh on the market. talks about progress toward a deal sent the down lower by almost 521 points on friday. s&p up almost 14% on the year. it's interesting, this year we've had so many unnatural phenomenon taking place, whether it's the effects of the fed's monetary policy, year end, fiscal cliff tax related issues. the motivations are a little bit different this time around than they were last year. >> yeah. it's not as pressing, some would argue. some were actually saying on friday, maybe it would have been better if the markets had a sharper sell-off because t
is the market getting used to the idea that a fiscal cliff solution will not happen before year end? >> only a few hours remain to finish your christmas shopping. but some words of caution for toymakers. are tablets and apps ruining the season as kids get more accustomed to technology? >> microsoft windows 8 gets more bad press today, as "the new york times" said it is not leading to a boost in pc sales. is there anything that can turn that lagging sector around? futures...
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Dec 26, 2012
12/12
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and so when you have that sort of double whammy, sandy, newtown shootings, fiscal cliff, all these things can combine to depress shoppers' appetite to spend at this point. >> we'll talk a lot more over the next couple of hours where the discounts really came. there's a lot of talk about walmart and gap, and macy's and target. and then what that's going to meet as they try to clear out all this inventory, really starting today, going into the first part of the new year. those things have to get off the shelves. and that's going to affect margins one way or the other. >> let's bring in jackie deangelo, crunching the numbers back at headquarters. >> i'm going to recap what you said a little bit earlier. according to mastercard's spending poll, the few weeks leading up to christmas rose only .7%. a pretty big miss there. to give you perspective, after a drop of 5.5% in 2008, holiday sales have seen a steady rebound since then, including a 2% increase last year. this less than 1% figure, bound to be disappointing. online shopping also showed some muted results. spending polls show web sales we
and so when you have that sort of double whammy, sandy, newtown shootings, fiscal cliff, all these things can combine to depress shoppers' appetite to spend at this point. >> we'll talk a lot more over the next couple of hours where the discounts really came. there's a lot of talk about walmart and gap, and macy's and target. and then what that's going to meet as they try to clear out all this inventory, really starting today, going into the first part of the new year. those things have...
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Dec 28, 2012
12/12
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not just the fiscal cliff, we've been talking about dairy farmers and wind farmers facing their own cliff. the price of a gallon of milk could cost $8 next year if congress fails to renew certain agricultural programs come december 31st. that's when wind farmers will also see the federal wind production tax credit disappear, which could lead the industry at a standstill. in addition to the fiscal cliff, milk cliff, and wind farm cliff, what other cliff are you worried about these days? tweet us. we have a new handle @squawkstreet and junior responses throughout the morning. >> some people on twitter have criticized how we just called it the container cliff. saying not everything is a cliff. >> but everything is a cliff. there is a deadline. >> containers will come in tor they won't. it's binary. >> we were chatting during the break, we're not allowed to own stocks, individual names, but if there was a name you wish you'd bought in the face of bad news last year? >> jpmorgan. it seemed that everyone wanted to sell off the stock, and this would be a huge impact on jpm. it had some per
not just the fiscal cliff, we've been talking about dairy farmers and wind farmers facing their own cliff. the price of a gallon of milk could cost $8 next year if congress fails to renew certain agricultural programs come december 31st. that's when wind farmers will also see the federal wind production tax credit disappear, which could lead the industry at a standstill. in addition to the fiscal cliff, milk cliff, and wind farm cliff, what other cliff are you worried about these days? tweet...